Conduent Incorporated · NASDAQ:CNDT
Conduent — Debt Investor Presentation (June 2018)
15 slides from Conduent's debt investor presentation, Jun 6, 2018
Slide 1: Conduent Debt Transaction
Conduent NYSE: CNDT Debt Transaction June 6, 2018 Exhibit 99.1
Slide 2: Forward-Looking Statements
This presentation contains “forward-looking statements” that involve risks and uncertainties. These statements can be identified by the fact that they do not relate strictly to historical or current facts, but rather are based on current expectations, estimates, assumptions and projections about the
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures We have reported our financial results in accordance with U.S. generally accepted accounting principles (GAAP). In addition, we have discussed our financial results using non-GAAP measures. We believe these non-GAAP measures allow investors to better understand the trends
Slide 4: Transaction Summary
amo Transaction Summary
Slide 5: Transaction Overview
Transaction Overview Conduent (the “Company”) is a digital interactions company that manages essential operations for Fortune 500 companies and governments The Company’s portfolio includes industry-focused service growth offerings in markets such as Healthcare and Transportation as well as multi-ind
Slide 6: Illustrative Capitalization
Adjusted Cash in a non-GAAP measure. Refer to appendix for non-GAAP reconciliation TTM Adj. EBITDA reflects the estimated impact from the adoption of the 606 accounting standard, had it been applicable in FY 2017 and revenue and (income) loss from 2017 divestitures. Refer to appendix for non-GAAP re
Slide 7: Summary Terms
Summary Terms Borrower: Conduent Business Services, LLC Facilities: $750 million Senior Secured Revolving Credit Facility (“RCF”) $728 million Senior Secured Term Loan A (“TLA”), $314M denominated in EUR $840 million Senior Secured Term Loan B (“TLB”) Guarantors: Same as existing Security: Same as e
Slide 8: Amendment Summary
Amendment Summary In addition to the repricing of the Facilities and extension of the Revolver and Term Loan A outlined in the Summary Terms, Conduent (the “Company”) is seeking to make the following amendments to its existing credit agreement: Refresh “free and clear” basket in the Incremental Faci
Slide 9: Appendix
Appendix emmn a fS
Slide 10: Non-GAAP Financial Measures
Non-GAAP Financial Measures Non-GAAP Financial Measures We have reported our financial results in accordance with U.S. generally accepted accounting principles (GAAP). In addition, we have discussed our financial results using the non-GAAP measures. We believe these non-GAAP measures allow investors
Slide 11: Consolidated TTM Adjusted EBITDA
Non-GAAP Financial Measures Consolidated TTM Adjusted EBITDA We use TTM Adjusted EBITDA as an additional way of assessing certain aspects of our operations that, when viewed with the U.S. GAAP results and the accompanying reconciliations to corresponding U.S. GAAP financial measures, provide a more
Slide 12: Reconciliation: Adj. Revenue
Non-GAAP Reconciliation: Adj. Revenue Adjusted for the impact from 606 accounting standard change and revenue and (income) loss from divestitures. Adjusted for 606 and Divestitures(1) Adjusted for 606 and Divestitures(1) (in millions) Q1 2018 Q1 2018 FY 2017 FY 2017 Q4 2017 Q4 2017 Q3 2017 Q3 2017 Q
Slide 13: Reconciliation: TTM Adjusted EBITDA
Non-GAAP Reconciliation: TTM Adjusted EBITDA Adjusted for the estimated impact from the adoption of the 606 accounting standard, had it been applicable in FY 2017 and revenue and (income) loss from divestitures. Certain reclassifications have been made to prior year information to conform to current
Slide 14: Reconciliation: Adjusted Cash
Non-GAAP Reconciliation: Adjusted Cash (in millions) As of March 31, 2018 As of March 31, 2018 As of December 31, 2017 As of December 31, 2017 Cash and cash equivalents $ 553 $ 658 Deferred compensation payments and adjustments 7 17 Deferred compensation payable (99 ) (116 ) Adjusted cash and cash e
Slide 15: Conduent
CONDUENT Pe